Questar Asks for Rate Cut

Questar Asks for Rate Cut

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SALT LAKE CITY (AP) -- Questar Gas says it wants to charge less for natural gas.

The utility says it filed a $89.6 million rate cut with Utah regulators. If approved, a typical homeowner's annual bill would fall by 9 percent, starting in November.

Questar says its natural-gas costs are down for the second winter in a row. If the cut is approved, rates will be back to where they were in 2004.

Natural-gas prices hit record levels in 2005 after hurricanes knocked out 20 percent of U.S. production. Now, Questar says higher production is pushing prices back down.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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